Transportadora de Gas del Norte S.A (TGNO4) Fair Value & Analysis
Energy · AR · Market cap 1.8T ARS
Fair value as of: Jul 18, 2026
From 26 valuation models · updated 23 days ago
Share price +3.7% over the past month.
A solid business, screening 10% undervalued on our models.
What matters now
- The model range is unusually wide (3,558 ARS to 13,829 ARS). The outcome hinges heavily on assumptions, so read the point estimate with caution.
- Our model range runs from 3,558 ARS (bear) to 13,829 ARS (bull), base 4,450 ARS. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 74/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.
How to read this chart
60‑month range 31.70 ARS – 5,030 ARS · fair‑value band 3,558 ARS – 13,829 ARS · the 4,038 ARS price screens below the 4,450 ARS fair value. Dashed = 300-day average. As of Jul 18, 2026.
Analysis
Transportadora de Gas del Norte S.A (TGNO4) currently trades at 4,038 ARS, while our model-based Fair Value estimate is 4,450 ARS, implying the stock looks roughly 10.2% undervalued today. The Quality Score stands at 74/100 (solid quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Transportadora de Gas del Norte S.A generated revenue of 599B ARS at a net margin of 28.9%. Revenue declined 0.8% year over year. It earns a return on equity of 16.3%. Net debt stands at 84.3B ARS. Fundamentals as of Jul 18, 2026
Our scenario range runs from 3,558 ARS (bear case) to 13,829 ARS (bull case); at 4,038 ARS, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 21% below its 52-week high and 103% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -35% fair-value upside, at 10%, TGNO4 screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 26 models by family
Widest divergence: Growth Earnings (20,449 ARS) versus Asset-Based (1,557 ARS). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 74 · Market factors (momentum, volatility) 51
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Transportadora de Gas del Norte S.A. engages in the natural gas transportation in the north and central west regions of Argentina. The company operates and maintains approximately 11,222 km of both own and third party pipelines.
Full company description
Transportadora de Gas del Norte S.A. engages in the natural gas transportation in the north and central west regions of Argentina. The company operates and maintains approximately 11,222 km of both own and third party pipelines. It also provides operation, maintenance, integrity, pipeline connection and hot taps, engineering, pipeline works management, consulting, training, SCADA and communications, community, damage prevention, and special projects services to third-party pipelines in Argentina, Chile, Mexico, Peru, and Uruguay. Transportadora de Gas del Norte S.A. was incorporated in 1992 and is based in Buenos Aires, Argentina. The company operates as a subsidiary of Gasinvest S.A.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Transportadora de Gas del Norte S.A reported revenue of 601B ARS in FY2025 versus 20.0B ARS in FY2021, a compound +134.0%/yr. Reported net income was 219B ARS in FY2025.
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Peer Group
Oil & Gas Midstream · 87 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas Midstream median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Oil & Gas Midstream stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Enbridge Inc ENB | $56.46 | $47.20 | -16% |
| The Williams Companies, Inc WMB | $73.38 | $12.03 | -84% |
| Enterprise Products Partners L.P. EPD | $38.31 | $24.74 | -35% |
| TC Energy Corporation TRP | C$97.79 | C$42.00 | -57% |
| Kinder Morgan, Inc KMI | $32.54 | $11.12 | -66% |
| Energy Transfer LP, ET | $19.91 | $17.69 | -11% |
| ONEOK, Inc OKE | $93.52 | $64.05 | -32% |
| Targa Resources Corp TRGP | $273.35 | $79.61 | -71% |
| MPLX LP owns and MPLX | $57.17 | $37.05 | -35% |
| Cheniere Energy, Inc LNG | $255.83 | $211.18 | -17% |
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Frequently asked questions
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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